I'm building a bitcoin exchange, basically a
Yunbi clone, I'm starting with the
same code their website is using and modifying it
My "niche" I guess, is going to be that I'm going to be adding Tether trading pairs and I won't be charging any trading fees. Also I'm going to focus on advertising to Westerners versus Yunbi which mainly has Chinese users.
These are the trading pairs I plan on starting with
ETH/BTC
LTC/BTC
DASH/BTC
DOGE/BTC
XRP/BTC
ETH/USDT
LTC/USDT
DASH/USDT
DOGE/USDT
XRP/USDT
BTC/USDT
The only fee charged would be a 0.1% withdrawal fee, all trading volume would be no-fee
Also, forgot to mention because of my jurisdiction, there would be no KYC requirements
I'm just trying to gauge people's opinions on this, thanks!
I very highly doubt that there is a need for a brand new exchange just for this.
For starters, there are existing markets for basically every single pair that you've listed here. If you take a look at
https://coinmarketcap.com/assets/tether/#markets then you'll see even the tether markets are basically all there with high volume already, let alone your BTC markets.
Launching the site would require immense trust and advertising. People don't even trust bittrex, bitfinex, and btc-e just got shut down. Why would they trust you? Charging a percentage withdrawal fee also makes no sense imo.
The only plus side would be the no KYC, but that depends on your government ultimately.